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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and due from banks $ 581,843 $ 661,925
Money market investments:    
Time deposits with other financial institutions 500 300
Other short-term investments 3,939 939
Total money market investments 4,439 1,239
Available-for-sale debt securities, at fair value (amortized cost of $5,595,164 as of June 30, 2024 and $5,863,294 as of December 31, 2023; ACL of $549 as of June 30, 2024 and $511 as of December 31, 2023) 4,957,311 5,229,984
Held-to-maturity debt securities, at amortized cost, net of ACL of $1,267 as of June 30, 2024 and $2,197 as of December 31, 2023 (fair value of $333,690 as of June 30, 2024 and $346,132 as of December 31, 2023) 343,168 351,981
Equity securities 51,037 49,675
Total investment securities 5,351,516 5,631,640
Loans, net of ACL of $254,532 as of June 30, 2024 and $261,843 as of December 31, 2023 12,130,976 11,923,640
Mortgage loans held for sale, at lower of cost or market 10,392 7,368
Total loans, net 12,141,368 11,931,008
Accrued interest receivable 77,895 77,716
Premises and equipment, net 138,554 142,016
Other Real Estate Owned 21,682 32,669
Deferred tax asset, net 142,725 150,127
Goodwill 38,611 38,611
Other intangible assets 9,700 13,383
Other assets 373,041 229,215
Total assets 18,881,374 18,909,549
LIABILITIES    
Non-interest-bearing deposits 5,406,054 5,404,121
Interest-bearing deposits 11,122,902 11,151,864
Total deposits 16,528,956 16,555,985
Long-term advances from the FHLB 500,000 500,000
Other long-term borrowings 161,700 161,700
Accounts payable and other liabilities 199,258 194,255
Total liabilities 17,389,914 17,411,940
Commitments and contingencies (See Note 21)
STOCKHOLDERS' EQUITY    
Common stock, $0.10 par value, 2,000,000,000 shares authorized; 223,663,116 shares issued; 163,865,453 shares outstanding as of June 30, 2024 and 169,302,812 as of December 31, 2023 22,366 22,366
Additional paid-in capital 961,254 965,707
Retained earnings, includes legal surplus reserve of $199,576 as of each of June 30, 2024 and December 31, 2023 1,941,980 1,846,112
Treasury stock (at cost), 59,797,663 shares as of June 30, 2024 and 54,360,304 shares as of December 31, 2023 (790,465) (697,406)
Accumulated other comprehensive loss, net of tax of $8,581 as of each of June 30, 2024 and December 31, 2023 (643,675) (639,170)
Total stockholders' equity 1,491,460 1,497,609
Total liabilities and stockholders' equity $ 18,881,374 $ 18,909,549